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Oct 7, 2013
10/13
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the debt ceiling, that the longer you raise the debt ceiling or, the better, and we will -- the debt ceiling for, the better, and we will support a movement to raise the debt ceiling for year. that would certainly be viewed here is something we did support. but we don't get to make those determinations. what our position has always been was not raise it for a certain amount of time. it has been raise the debt ceiling without drama and delay. , ourver the duration position will not change, which is raise it so that the united states can continue to pay its bills and continue to ensure that the world knows we are good to our word and we fulfill our obligations, and when it comes up again, our position will still be, we will not negotiate over congress's responsibility is to pay the bills that congress racked up. so, i think a way to view this is really around the issue of certainty. constructive is past experience in our recent task here to demonstrate how this works. in 2011, republicans and the firstecided for time in our history to threaten default if they did not get what they want
the debt ceiling, that the longer you raise the debt ceiling or, the better, and we will -- the debt ceiling for, the better, and we will support a movement to raise the debt ceiling for year. that would certainly be viewed here is something we did support. but we don't get to make those determinations. what our position has always been was not raise it for a certain amount of time. it has been raise the debt ceiling without drama and delay. , ourver the duration position will not change, which...
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Jan 15, 2013
01/13
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the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in august of 2011 that got the u.s. downgraded last time. so it's very important. all these issues are important, but it's very, very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in the deal. it went part of the way, as you mentioned. but it leaves a number of issues still on the table and traditional negotiations are looming. would you characterize that as an additional cliff that is facing us? or do you think it
the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in...
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Jan 10, 2013
01/13
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seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve that problem. looking at a darn corners of the constitution will not solve that problem. >> what is -- you know, the problem -- that -- republicans seem to have is it the leadership sort of knows that they really shun be playing politics of the debt ceiling. but the rank and file, they don't want any part of that. they want to play politics. >> this is the problem. this is my problem with people who are spending a lot of time, smart people. friends of ours who are spending a lot of time talking about the kooky ideas. you
seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve...
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Oct 12, 2013
10/13
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41% saying it would be worse to raise the debt ceiling and increase spending. i look at that, and to me that is an effective massive disinformation campaign. >> absolutely. and when i hear these people, who are not economists and certainly not god, and economists aren't perfect. we're not perfect at forecasting, but i'm not sure what tools they are using -- >> it's accounting. >> exactly, exactly. bondholders can smell blood. we know this from 1992. we know this from the fall of the european exchange rate mechanism. we know it from the eurozone crisis. bondholders can smell blood. now the question is not just your ability to pay, which is sometimes a short-term cash flow crisis, it's your willingness to pay. so when you are not willing to pay, certainly, you know, bond markets know this. so we saw this in russia, we saw it in argentina, and you may not have the ability to fund things in the future. so if you just pay these -- some bills and not others, so bondholders will say, well, you can pay us, but what about in the future? you may not be credit worthy in t
41% saying it would be worse to raise the debt ceiling and increase spending. i look at that, and to me that is an effective massive disinformation campaign. >> absolutely. and when i hear these people, who are not economists and certainly not god, and economists aren't perfect. we're not perfect at forecasting, but i'm not sure what tools they are using -- >> it's accounting. >> exactly, exactly. bondholders can smell blood. we know this from 1992. we know this from the fall...
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Jan 19, 2013
01/13
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he called on congress to raise the debt ceiling in the release of u.s. can pay its bills. he spoke at the gerald ford school of public policy. >> thank you very much. it is also my great pleasure to welcome all of you here today. on behalf of the gerald r. ford school of public policy, the university of michigan is extremely honored to welcome the hon. ben bernanke, chairman of the board of governors of the federal reserve system. today's conversation is the latest in our series of distinguished lectures, policy talks at the fort school. we're so pleased that region white can introduce to the events and we're also very president marye sue: here today as well as -- we also have several of the university's executive officers and beans. i would like to welcome all of them and thank them for joining us today. it is an honor and truly personal pleasure to introduce our next guest. the fed's charges to provide a healthy economy. this is a complex and critically important mission and it makes the person at its helm one of if not the most important the policy makers worldwide. cha
he called on congress to raise the debt ceiling in the release of u.s. can pay its bills. he spoke at the gerald ford school of public policy. >> thank you very much. it is also my great pleasure to welcome all of you here today. on behalf of the gerald r. ford school of public policy, the university of michigan is extremely honored to welcome the hon. ben bernanke, chairman of the board of governors of the federal reserve system. today's conversation is the latest in our series of...
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May 21, 2013
05/13
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now, this body may well vote to raise the debt ceiling, but if this body votes to raise the debt ceiling, we should do so after fair and open debate where the issue is considered and where the threshold is the traditional 60-vote threshold where we can address what i think is imperative that we fix the problem. when i -- when i travel across the state of texas, men and women stop me all the time and say enough of the games. go up there, roll up your sleeves, work with each other and fix the problem. and just getting a new credit card, jacking up the debt ceiling with no spending reforms, no structural reforms, no pro-growth reforms is a mistake, it's the wrong path. a senator: will the senator yield for a question? mr. cruz: i will yield. mrs. boxer: here's the question. the people in my state are saying the same thing. roll up your sleeves and attack the problems, because guess what? i remember when this budget was balanced when bill clinton was president. it took literally a few months before george w. bush gave a tax break and put it on the credit card, two wars on the credit card and
now, this body may well vote to raise the debt ceiling, but if this body votes to raise the debt ceiling, we should do so after fair and open debate where the issue is considered and where the threshold is the traditional 60-vote threshold where we can address what i think is imperative that we fix the problem. when i -- when i travel across the state of texas, men and women stop me all the time and say enough of the games. go up there, roll up your sleeves, work with each other and fix the...
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Oct 16, 2013
10/13
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what she's saying is if the president doesn't -- if the president raises the debt ceiling under the 14th amendment, he should be impeached. if the president does nothing, he should be impeached. so in sarah palin's mind, he should be impeached. that is not an unusual or out of the line characteristic that you're seeing from the far right wing of the tea party. this is completely in line with what they're thinking. boy the way, if the president does -- if we do default, which i don't think we do. boehner has decided to bring this bill to the floor, he's going to pass it. we're going to get through this. but we're going to also set this up for the same thing in january. january 15th. and if we get to that point and he has not -- we are back at the same situation, they're going to talk about impeachment once again. i promise you it's going to happen. they have nothing left. >> talking about the gop, we're just getting note that gop senators will be meeting at 11:00 a.m. eastern, that's in about 30 minutes. they hope to have some sort of announcement by noon. also, we are watching the house
what she's saying is if the president doesn't -- if the president raises the debt ceiling under the 14th amendment, he should be impeached. if the president does nothing, he should be impeached. so in sarah palin's mind, he should be impeached. that is not an unusual or out of the line characteristic that you're seeing from the far right wing of the tea party. this is completely in line with what they're thinking. boy the way, if the president does -- if we do default, which i don't think we...
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Oct 14, 2013
10/13
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and a clean debt ceiling raising deal. elsewhere in the senate today, what we had, as you said, tom, in your introduction was a parade of senators coming to the microphone and having their say. particularly republicans who rather got swamped on saturday by the democratic message. so lots of very fine words in the senate today, but no real movement, no real progress. nothing tangible. tom. >> senator reid is optimistic. how optimistic are fellow lawmakers? >> reporter: there is a feeling, i think, that there's something going on behind the scenes that we can't quite put our finger on. it seems to revolve around the majority leader and minority leader in the senate. so that is the feeling here. of course, the susan collins plan is still out there. democrats rejected that, but she's not giving up. that's also a glimmer of hope. what is of particular interest is that the polls are really blaming the republicans. there was a "wall street journal" nbc poll out last week and much talked about in the media today. of those polled t
and a clean debt ceiling raising deal. elsewhere in the senate today, what we had, as you said, tom, in your introduction was a parade of senators coming to the microphone and having their say. particularly republicans who rather got swamped on saturday by the democratic message. so lots of very fine words in the senate today, but no real movement, no real progress. nothing tangible. tom. >> senator reid is optimistic. how optimistic are fellow lawmakers? >> reporter: there is a...
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Oct 10, 2013
10/13
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about our debt ceiling raise, interest rates are likely to raise. raise in capital will become a problem. do you have any thoughts on what that's going to be doing to our silicon valley entrepreneurs? mr. honda: well, it's a dampening effect. i think people are less likely to invest. even though there's a great faith in the kinds of activities we have in silicon valley. i think those who have the resources to make the investments, they're going to be looking at it twice before they can move forward. i think that they're very concerned about the government's behavior in terms of how we manufacture crisis around the debt limit, how we manufacture crisis about the c.r. or the budget. and all we need is what we proposed a few months ago and that is a good balanced budget that would drive this country forward economically and logically. no family functions without a good budget. and what we're doing is we created a budgetary crisis that guarantees -- they've already done it -- closure of the government or the dysfunction of a family. and when you do that
about our debt ceiling raise, interest rates are likely to raise. raise in capital will become a problem. do you have any thoughts on what that's going to be doing to our silicon valley entrepreneurs? mr. honda: well, it's a dampening effect. i think people are less likely to invest. even though there's a great faith in the kinds of activities we have in silicon valley. i think those who have the resources to make the investments, they're going to be looking at it twice before they can move...
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Oct 10, 2013
10/13
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let's raise the debt ceiling and have the fight over the shut down. that raised the debt ceiling. they send the letters to house republicans and saying abortion should be part of any deal. they are so divided on what they want here. >> the question i have is it feels like john boehner and eric kantor had the problem since the start. there four dozen republicans who believe on first principal that obama care is bad law and bad for the country and the economy. it's all tied in. how do you convince those folks to let's say vote for a clean debt ceiling bill. is that possible or do you expect if there is a short-term deal that it will be something attached as a souvenir? >> one of the biggest ironies is i don't think whatever yawn boehner and eric kantor will flee the 40 to 50 house conservatives and this is why people like john mccain are there and the gallup poll shows the republican party is at an all time low, lower than in the clinton impeachment. this is difficult for the republicans. >> i'm glad you mentioned those numbers. it's such a division and we have seen the republicans.
let's raise the debt ceiling and have the fight over the shut down. that raised the debt ceiling. they send the letters to house republicans and saying abortion should be part of any deal. they are so divided on what they want here. >> the question i have is it feels like john boehner and eric kantor had the problem since the start. there four dozen republicans who believe on first principal that obama care is bad law and bad for the country and the economy. it's all tied in. how do you...
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Oct 8, 2013
10/13
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over raising the debt ceiling something that resulted in some $2 there will in spending cuts over two years. house republicans think there's no reason the president wouldn't do that again. the president has said time and time again, no how, no way, he's not doing that again. if it was a mistake that will not be made again. we're talking of course about the world's largest economy. 20% of the worl economy is govet spending. >> mike viqueira in washington. >>> suicide bombers ataksd security forces in three egyptian cities, the suez canal and cairo. the 50 supporters of ousted president mohamed morsi by officials. >>> for complying with u.n. weapons inspectors but there's speculation that presidential bashar al-assad may be cooperating are nord to in ordeo strengthen his hold on the country. >> seems to have given him some breathing space. u.s. secretary of state john kerry offered some cautious words. >> i think it's also credit to the assad regime for complying rapidly as they're supposed to. we would hope it would continue. i'm not going to vouch today for what's going to happen mont
over raising the debt ceiling something that resulted in some $2 there will in spending cuts over two years. house republicans think there's no reason the president wouldn't do that again. the president has said time and time again, no how, no way, he's not doing that again. if it was a mistake that will not be made again. we're talking of course about the world's largest economy. 20% of the worl economy is govet spending. >> mike viqueira in washington. >>> suicide bombers...
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Oct 10, 2013
10/13
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it's a good thing that they would raise the debt ceiling. and i want to applaud them for agreeing to do that. but i don't think the debt ceiling should be raised without coupling it with a similar bill that would open up the government so employees could go back to work. >> and finally, congressman jim moran of virginia here with us tonight. finally, would you vote if they open up the government in the shutdown, would you go along with the six-week extension of the debt limit? >> yes, i would. yeah. i don't want to do that. i think it should be at least a year. >> okay. >> but, you know, you have to compromise. let's just at least keep moving forward. if we stop in our tracks, you know, there is going to be chaos. and we can't allow that to happen. just too many people that would be hurt by a debt ceiling default. >> direct question, direct answer. thanks, congressman. i appreciate it so much. jim moran with us tonight on "the ed show." >>> up next, cattle prod? we'll explain how a perfect storm of politics and nature are making the breadbas
it's a good thing that they would raise the debt ceiling. and i want to applaud them for agreeing to do that. but i don't think the debt ceiling should be raised without coupling it with a similar bill that would open up the government so employees could go back to work. >> and finally, congressman jim moran of virginia here with us tonight. finally, would you vote if they open up the government in the shutdown, would you go along with the six-week extension of the debt limit? >>...
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Oct 9, 2013
10/13
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this is they're latest plan to re-open the government and raise the debt ceiling. is it a workable solution or a political ploy? >> we've heard this before. it's happened many times before, and these committees usually fail to come up with an agreement. i could envision a scenario. in fact, it's the most likely scenario right around the 17th both boehner and obama say, all right, we'll raise the debt ceiling and end the shutdown at least for a while in exchange for some committee that will look at options. maybe it will last for a couple of months. that means the cloud continues to persist. we could get into mid-december and have another crisis if this committee doesn't come up with anything meaningful. >> and they are watching overseas as well. how is the shutdown affecting global investors with interests here in the u.s.? >> for now it's not enormous, although the backup in yields on short-term bills yesterday was troubling. i would say for investors around the world there are two concerns. we've talked about default. i think default maybe is a 20% chance. it's n
this is they're latest plan to re-open the government and raise the debt ceiling. is it a workable solution or a political ploy? >> we've heard this before. it's happened many times before, and these committees usually fail to come up with an agreement. i could envision a scenario. in fact, it's the most likely scenario right around the 17th both boehner and obama say, all right, we'll raise the debt ceiling and end the shutdown at least for a while in exchange for some committee that...
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Jan 15, 2013
01/13
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there's the debt ceiling, whether or not to raise the debt ceiling. some are talking about shutting the government down when the continuing resolution that authorizes spending for this government runs out, that he would negotiate then on this whole issue of spending cuts and new revenue. and if you cannot get a deal, then you let the government shutdown. some republicans are laying the groundwork for that. then you have the sequestration that was delayed under the fiscal cliff deal. so there are more than one battle happening. where do you think the negotiations should take place? should be the debt ceiling or the continuing resolution to fund the government or sequestration? caller: the continuing revolution to keep the government going -- resolution. there are many departments we don't need. i was showing my grandchildr the debt clock, telling him how much money he would know when he becomes a taxpayer. he said he does not want to become a taxpayer. this is taxation without representation. they have to get this under control. they need a dyiet. host
there's the debt ceiling, whether or not to raise the debt ceiling. some are talking about shutting the government down when the continuing resolution that authorizes spending for this government runs out, that he would negotiate then on this whole issue of spending cuts and new revenue. and if you cannot get a deal, then you let the government shutdown. some republicans are laying the groundwork for that. then you have the sequestration that was delayed under the fiscal cliff deal. so there...
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allowing the united states to default on its debt by not raising the debt ceiling would be catastrophic to the global economy just playing with the idea back in two thousand and eleven led markets to tumble and our national credit rating to be downgraded the republican hostage takers are undeterred and the cable news media is giving them cover by not calling out just how dangerous their brinksmanship is united states is long had a policy of not negotiating with terrorists today republicans are acting like economic terrorists and could do far more harm to our economy by defaulting on our debt than al qaeda could ever have dreamed of. so why should they be negotiated with joining me now to answer that is neil mccabe senior reporter with human events online and editor of the guns and patriots column and welcome back to the top good to have you with us so you know if you would you know i guess one of the rules of hostage taking sure is you don't take a hostage unless you're willing to kill or at least kneecap the hostage right if you know if your threat isn't isn't serious so are the republ
allowing the united states to default on its debt by not raising the debt ceiling would be catastrophic to the global economy just playing with the idea back in two thousand and eleven led markets to tumble and our national credit rating to be downgraded the republican hostage takers are undeterred and the cable news media is giving them cover by not calling out just how dangerous their brinksmanship is united states is long had a policy of not negotiating with terrorists today republicans are...
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Oct 20, 2013
10/13
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again, you know, the debt ceiling got raised. the government got reopened. we didn't even hit that october 17 deadline. so is that -- i mean, is it disgusting? you know, everybody wants to eat a hot dog. we love democracy. but we don't want to see that hot dog get made. well, this is what it is. >> adam, here is the thing. back to the original premise. the american public is fed up with all of them. it's not you have a part that you don't like. you don't like the tea party. the tea party is watching this. they don't like your point of view. overall, america is saying if we throw the bums out and start from scratch, we may get people who understand their job is not only to represent constituents but to represent the entire country. >> well, i understand. and i think it's a naive point. i think if we threw them all out, for example, we would get a new batch of self-interested people, if that's your view. clearly, some of these people are self-interested and others aren't. again, i'm praising the tea party people for truly representing their constituents. i thi
again, you know, the debt ceiling got raised. the government got reopened. we didn't even hit that october 17 deadline. so is that -- i mean, is it disgusting? you know, everybody wants to eat a hot dog. we love democracy. but we don't want to see that hot dog get made. well, this is what it is. >> adam, here is the thing. back to the original premise. the american public is fed up with all of them. it's not you have a part that you don't like. you don't like the tea party. the tea party...
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Oct 15, 2013
10/13
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and let us get the debt ceiling raised so we don't deal with these negatives. but instead you have, i think, and again i think we're ignoring, you know, the elephant in the room literally, the republican elephant in the room which is you have these outside powers, i suppose heritage and freedom works and all the rest are raising a ton of money tonight saying we're standing by principle while the government remains closed. >> george. >> harry reid just called extreme the house provision that would have income verification for those getting subsidies under obama care. now, income verification is an attempt by republicans to put back into obama care what was there. the department of health and human services wrote criteria for this and of course as they do with everything inconvenient, they waived them. far from changing obama care, the republican house, these extremists, jihadist suicide vest wearing people said let's restore obama -- >> republicans have done less to change the -- to settle the law of the land is the phrase we've heard over and over again than th
and let us get the debt ceiling raised so we don't deal with these negatives. but instead you have, i think, and again i think we're ignoring, you know, the elephant in the room literally, the republican elephant in the room which is you have these outside powers, i suppose heritage and freedom works and all the rest are raising a ton of money tonight saying we're standing by principle while the government remains closed. >> george. >> harry reid just called extreme the house...
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Sep 30, 2013
09/13
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this is because it is so important to raise the debt ceiling. the republicans are saying this is our chance to get what we want and what we think is right for the country. most countries do not have a debt ceiling. they just pay the bills that toy incur and do their best have as little debt as they can get away with. the debt ceiling was put in place to create situations like this, to raise pressure on both , to give a party that might not have a majority the ability to put pressure on the majority for concessions. you can argue whether it is healthy or unhealthy, but its very existence leads to the kind of showdown we are having now. question about where the money comes from when we raise the debt ceiling. why can't we just print more money? aren't we doing that every month now? guest: right. ok, it is really important to distinguish between the banking system, the federal reserve and the banks, and how money is created in a modern capitalistic economy versus what the government spends. congress does not have any right to print money. the feder
this is because it is so important to raise the debt ceiling. the republicans are saying this is our chance to get what we want and what we think is right for the country. most countries do not have a debt ceiling. they just pay the bills that toy incur and do their best have as little debt as they can get away with. the debt ceiling was put in place to create situations like this, to raise pressure on both , to give a party that might not have a majority the ability to put pressure on the...
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Oct 11, 2013
10/13
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maybe it is a good idea not to raise the debt ceiling. >> that's right. they all got religion on the debt ceiling now. >> they got religion on the debt ceiling. i think part of that was both the koch brothers you were talking about last night. >> yeah, the letter from the koch brothers said it is necessary to raise the debt ceiling under the circumstances. >> we saw the markets starting to freak out. i think the business side started to kick in. they realize wow this is in issue. interestingly, the debt ceiling, even though it would be cat -- catastrophic. people feel that. even republican who you ask them. they hate the government. don't want government to do anything. until it is doing the thing they want tight do. so the more that you are seeing the stories. and these are local news stories on the headlines of the local hometown paper about the way that the government shutdown is affecting them and their neighbors. too toxic to continue. they're staring down at 2014, saying we thought it was impossible. but maybe it wasn't. awe off it's -- it is astoni
maybe it is a good idea not to raise the debt ceiling. >> that's right. they all got religion on the debt ceiling now. >> they got religion on the debt ceiling. i think part of that was both the koch brothers you were talking about last night. >> yeah, the letter from the koch brothers said it is necessary to raise the debt ceiling under the circumstances. >> we saw the markets starting to freak out. i think the business side started to kick in. they realize wow this is...
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Oct 10, 2013
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ok, we will vote to raise the debt ceiling. anypeople did not like raising of the debt ceiling. we promised we would not spend so much. we promised we would reduce and a lot.1 trillion of synnex said, -- a lot of cynics said congress would not adhere to that. that is exactly what the president did in january of 2012. anothersed to spend trillion dollars above the amount of money we agreed to spend six months before. i did not really want to sign that agreement. i have taxes i want to increase. this is what is occurring. we have got to stand firm. adhere, at least, to the containment of the growth of spending that was in the budget control act. failure to do that is a in our promises to the american people, a total abandonment of any contention that we would be fiscally responsible. it is unthinkable that we would abandon the limits. the truth is, the sad truth is the budget control act reductions in the growth of spending do not come close to putting us on a firm financial footing. we are on an unsustainable debt course as our cbo has told us. we are seeing a reduction in the de
ok, we will vote to raise the debt ceiling. anypeople did not like raising of the debt ceiling. we promised we would not spend so much. we promised we would reduce and a lot.1 trillion of synnex said, -- a lot of cynics said congress would not adhere to that. that is exactly what the president did in january of 2012. anothersed to spend trillion dollars above the amount of money we agreed to spend six months before. i did not really want to sign that agreement. i have taxes i want to increase....
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republicans are going to have to vote for raising the debt ceiling. but they want deeper spending cuts and deficit reduction. and they'll probably get it. but it could be another ugly fight in two months. >> it's interesting that john boehner and paul ryan voted in favor yesterday, as well. interesting dynamic there. tahman bradley in washington. thank you, tahman. >>> and new york lawmakers are furious this morning after the house ditched a vote on billions of dollars of aide for victims of hurricane sandy. house gop leaders decided to wait for the new session of congress before taking the vote. new york republican peter king called it absolutely inexcusable. and democrat eliot engle says speaker john boehner should hang his head in shame. >>> secretary of state hillary clinton, entering a fourth day in a new york city hospital where she is being treated for a blood clot. chelsea clinton has been at her mother's bedside. and tweeted, thank you for sending good thoughts to my mom's way. doctors have not given a date when clinton can leave the hospital
republicans are going to have to vote for raising the debt ceiling. but they want deeper spending cuts and deficit reduction. and they'll probably get it. but it could be another ugly fight in two months. >> it's interesting that john boehner and paul ryan voted in favor yesterday, as well. interesting dynamic there. tahman bradley in washington. thank you, tahman. >>> and new york lawmakers are furious this morning after the house ditched a vote on billions of dollars of aide...
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Oct 8, 2013
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ceiling or not raising the debt ceiling, 44% said don't raise the debt ceiling. 22% said raise the debt ceiling. i realize we have more choices than that. there could be coupled together with the raising of the debt ceiling some real reforms of our broken entitlement programs, to shore up social security and medicare. but our colleagues and the president of the united states himself has said, no, i'm not going to negotiate. no, i want a clean debt ceiling. no, i want the freedom to max out the credit card another trillion dollars without doing anything to pay off the debt that threatens our country, not only our future prosperity but our national security. i remember very clearly admiral mike mullen, chairman of the joint chiefs of staff, when he was asked what the greatest national security threat to the united states there was, and he said, "the national debt." why would our colleagues -- why would the president of the united states -- ignore what the chairman of the joint chiefs of staff called the most significant national security throat our quun by saying, we're not interested in
ceiling or not raising the debt ceiling, 44% said don't raise the debt ceiling. 22% said raise the debt ceiling. i realize we have more choices than that. there could be coupled together with the raising of the debt ceiling some real reforms of our broken entitlement programs, to shore up social security and medicare. but our colleagues and the president of the united states himself has said, no, i'm not going to negotiate. no, i want a clean debt ceiling. no, i want the freedom to max out the...
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Oct 15, 2013
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. >> on the table, funding the government until january 15th and raising the debt ceiling high enough to last until mid-february. but can john boehner get the bill through the house? [ applause ] >> so far many are wary with boehner, angry that he got cozy with the president in 2011, dismaid when forced to swallow the fiscal cliff deal. this time it will be different. with two days to go before possible default, house conservatives are back on the sidelines, while mitch mcconnell searches for a last-minute deal with democrats. >> perhaps tomorrow will be a bright day. we're not there yet, we hope it will be. >> reporter: a meeting called by the president for 3:00 pm today, was postponed, people saw that as a positive side. and both house and senate will meet tomorrow to look at the details of this deal that is now on the table. >> all right. mike, thanks. >>> and look at the reaction on wall street today. the dow started out losing money, and then the joint press conference happened, and the stocks rose. let's bring in ali velshi. ali all of this stuff about nervousness and jittery wa
. >> on the table, funding the government until january 15th and raising the debt ceiling high enough to last until mid-february. but can john boehner get the bill through the house? [ applause ] >> so far many are wary with boehner, angry that he got cozy with the president in 2011, dismaid when forced to swallow the fiscal cliff deal. this time it will be different. with two days to go before possible default, house conservatives are back on the sidelines, while mitch mcconnell...
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Oct 9, 2013
10/13
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raise the debt ceiling. and then you negotiate. this game of chicken is costing economicry too much doom or failure. a lot of heartache. i think the president was very authentic and genuine today. i did not even vote for him in two elections, but the republicans are doing him a disservice, the way they are holding the country hostage. they failed to win. you know what? when midterm elections come, they are going to lose even more. >> they will be back at me in taking up a couple of republican sponsored bills. one would be partial funding for the federal aviation administration. the other is with the payment of death benefits to veterans. the army times is writing about that this evening in the headline. -- here we go.s shutdown of death benefits for military families. number ofa growing military families are facing temporary denial of the $100,000 gratuity benefit the defense department typically provides after service members are killed while on active duty. they say at least 17 troops have died, since the shutdown began october 1
raise the debt ceiling. and then you negotiate. this game of chicken is costing economicry too much doom or failure. a lot of heartache. i think the president was very authentic and genuine today. i did not even vote for him in two elections, but the republicans are doing him a disservice, the way they are holding the country hostage. they failed to win. you know what? when midterm elections come, they are going to lose even more. >> they will be back at me in taking up a couple of...
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Nov 18, 2013
11/13
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just can't keep raising the debt ceiling without conditions. so unconditionally raising the debt ceiling, nobody at home wants me to vote for that and i can't vote for that. but the conundrum is if i don't we do approach these deadlines so there is an impasse. in 2011 we had this impasse and the president did negotiate. we got the sequester. if we were to extend the sequester from discretionary spending to all the entitlements we would actually fix our problem within a few years. >> but what is the democrats and the president resist any of that as we approach the expiration of the resolution? >> i think they will resist and i think they know that our leverage is diminished an our will to shut down the government is diminished -- i will not vote to raise the debt ceiling without conditions. but that doesn't mean i'm in favor -- sometimes you vote no and the government still stays open. so i'm in favor of voting for the principled position, but trying not to be the fly in the ointment that shuts the government down. >> you mean as only your side
just can't keep raising the debt ceiling without conditions. so unconditionally raising the debt ceiling, nobody at home wants me to vote for that and i can't vote for that. but the conundrum is if i don't we do approach these deadlines so there is an impasse. in 2011 we had this impasse and the president did negotiate. we got the sequester. if we were to extend the sequester from discretionary spending to all the entitlements we would actually fix our problem within a few years. >> but...
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Oct 13, 2013
10/13
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why all this talk about raising the debt ceiling? i don't have the luxury of reason mike debt ceiling so we have to cut back on our spending. why no talk about cutting back on spending he e we have a president who said it was immoral on principle to raise the debt ceiling. that is after $6 trillion of added debt. that is all he talks about. i just do not understand why no cutting back on spending. pages one to continue to spend. like the gentleman from california said, we are heading to a major test the something is not done. front page of "cq weekly" talks about the debt deadline -- just to read you a little bit of that article in this week's "cq weekly" -- anthony is on the republican line. i am wondering if mandatory spending is the same as the law that was passed in years ago which any federal agency that provides funds has to spend their entire funds for the year to receive the 10% the following year. is that what the republicans in congress are trying to cut back on so this debt is not floated out of the water, which i feel tha
why all this talk about raising the debt ceiling? i don't have the luxury of reason mike debt ceiling so we have to cut back on our spending. why no talk about cutting back on spending he e we have a president who said it was immoral on principle to raise the debt ceiling. that is after $6 trillion of added debt. that is all he talks about. i just do not understand why no cutting back on spending. pages one to continue to spend. like the gentleman from california said, we are heading to a major...
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Jan 16, 2013
01/13
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the debt ceiling, raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay existing bills. it doesn't create new deficits. it doesn't create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating sank i know how we can save money, we won't pay off credit card bills. not the most effective way to improve your credit rating. it was the very slow solution to the debt ceiling in august 2011 i got the u.s. downgraded last time. so it's very, very important that all these issues are important but it's very, very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government doesn't pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in the deal. as you mention it certainly went part way but it leaves another the issues still on the table, and additional negotiations and are looking. would you characterize that as an additional clip that is facing us, or do you think that
the debt ceiling, raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay existing bills. it doesn't create new deficits. it doesn't create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating sank i know how we can save money, we won't pay off credit card bills. not the most effective way to improve your credit rating. it was the very slow solution to the debt ceiling in august 2011...
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Oct 10, 2013
10/13
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this idea of the president going through the debt ceiling and raising the debt ceiling on his own. what do you make of that possibility? guest: we have had discussions eighth amendment. do the creditors of the united states believe we have enough money to pay our debts and do we have the political will to pay our debts. they do not want to know if there is a cute trick we can pull up. they want to know if we have the willingness to pay our debts. that is the essential question. that is why republicans must join with democrats to raise the debt ceiling. we must do it. it cannot be conditional on the affordable care act. they have to do it. it is our patriotic duty to make sure we safeguard the full faith and credit of the united states. host: a week from the debt ceiling deadline. do you think that will happen? guest: i believe people are essentially good no matter how they are behaving at the moment. i believe republicans are going to come to their senses. there are 24 members of the republican caucus who say they will do the responsible thing. i asked jon banner to let us vote. as
this idea of the president going through the debt ceiling and raising the debt ceiling on his own. what do you make of that possibility? guest: we have had discussions eighth amendment. do the creditors of the united states believe we have enough money to pay our debts and do we have the political will to pay our debts. they do not want to know if there is a cute trick we can pull up. they want to know if we have the willingness to pay our debts. that is the essential question. that is why...
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Jan 14, 2013
01/13
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have party been racked up, and we need to pay them. so while i am willing to compromise and find common ground for how to reduce the deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. if congressional republicans refuse to pay america's bills on time, social security checks, veterans benefits will be delayed. we might not be able to pay our troops or honor our contracts with small-business owners. food inspectors, air traffic controllers, specialists who track down loose nuclear materials would not get their paychecks. investors around the world will ask if the united states of america is in fact a safe bet. markets could go haywire. interest rates would spike for anyone who borrowed money. every homeowner with a mortgage, every student with the business -- every student with the student
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have party been racked up, and we need to pay them. so while i am willing to compromise and find common ground for how to reduce the deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. if congressional republicans refuse to pay america's...
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Oct 15, 2013
10/13
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limit for raising the debt ceiling for default? >> those are two different things. on october 17, as the treasury secretary has noted, the united states runs out of borrowing authority. and beyond that point, we only have cash on hand available on hand to pay our bills. the secretary of treasury has testified to this. so i would put to his statements about that fact. but as everyone knows, in order to meet all of our obligations as a country, the united states needs borrowing authority in order to make sure that all of our bills are paid. all of the obligations that congress has made, all of the bills that congress has incurred will come due. and if we can only pay those bills with cash on hand, that is a problem -- >> we have a countdown clock and counting down to midnight tomorrow, but is it midnight tomorrow? >> i would -- as much as i would like to improve the quality of the coubtdown clocks, i would have to refer you to treasury on the minute and hour. >> when does congress need to act by? do they need to pass something by tom
limit for raising the debt ceiling for default? >> those are two different things. on october 17, as the treasury secretary has noted, the united states runs out of borrowing authority. and beyond that point, we only have cash on hand available on hand to pay our bills. the secretary of treasury has testified to this. so i would put to his statements about that fact. but as everyone knows, in order to meet all of our obligations as a country, the united states needs borrowing authority in...
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Sep 19, 2013
09/13
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ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party. >> so here we stand again on the precipice of a possible economic catastrophe if in fact the showdown over the budget results in a government shutdown. you can count on democrats and republicans blaming each other. >> seems like we've been through this before. reporting live from washington, thank you. >> more than 100 retirees and detroit residents filed objection to detroit's bankruptcy declaration. today, those people will have a chance to voice their legal arguments in a hearing in front of a bankruptcy judge. what are we expecting to hear in the bankruptcy court today? >> well i can tell you many of these residents coming to federal court today are opposed to this filing, because many of former city workers, who receive a pension from detroit, and if this bankruptcy is approved, they risk losing some of their income, as well as their health benefits and they're not going to let that happen without a fight. >> with growing expenses and declining tax revenue, detroit can't e
ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party. >> so here we stand again on the precipice of a possible economic catastrophe if in fact the showdown over the budget results in a government shutdown. you can count on democrats and republicans blaming each other. >> seems like we've been through this before. reporting live from washington, thank you. >> more than 100 retirees and detroit residents filed objection to...
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Jan 24, 2013
01/13
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for decades, raising the debt ceiling was something that congress has been willing to do. since the presidency of fdr, congress has to do. since fdr, congress voted to raise it literally dozens of times. the way we run the country, for generations, you may not like it. it is how we use the debt ceiling, we have raised it 89 times just between 1939 and 2010. the only time we haven't had to raise it in recent years was at the very end of the clinton administration when we started to run a budget surplus, remember that? but other than that, it happens as a matter of course. it is routine, but in 2010, the republicans decided they wouldn't do it anymore. and in the standoff, where they said they wouldn't do it again, even though it was done with presidents before them, they were not going to do it. the country could default on its debts, that was an economic disaster. check it out. this is job growth, month to month in the year 2011. during that time when it is weirdly suppressed, oh, yeah, it is the fight over the debt ceiling. so when you hear others say oh yeah, it shouldn'
for decades, raising the debt ceiling was something that congress has been willing to do. since the presidency of fdr, congress has to do. since fdr, congress voted to raise it literally dozens of times. the way we run the country, for generations, you may not like it. it is how we use the debt ceiling, we have raised it 89 times just between 1939 and 2010. the only time we haven't had to raise it in recent years was at the very end of the clinton administration when we started to run a budget...
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that's why fights over raising the debt ceiling happen. the latest standoff catching the eyes of some of the biggest names on wall street, urging washington not to play politics here. >> there's precedent for a government shutdown. there's no precedent for default. with the most important economy in the world, with the reserve currency in the world, payments have to go out to people if money doesn't flow in, then money doesn't flow out. we haven't really seen this before and i'm not anxious to be part of the process that witnesses it. >> both sighs deserve a spanking for this. the fact they're not talking, haven't been talking for the last six months is terrible. >> a debt ceiling doesn't make any sense. it makes absolutely no sense to let it be used as a leverage for other things. you want to change laws on abortion, immigration, you name it, tax laws, whether, let that be a piece of legislation that people hammer out. to tie it to something about whether you break the promises of the united states government to people all over the world
that's why fights over raising the debt ceiling happen. the latest standoff catching the eyes of some of the biggest names on wall street, urging washington not to play politics here. >> there's precedent for a government shutdown. there's no precedent for default. with the most important economy in the world, with the reserve currency in the world, payments have to go out to people if money doesn't flow in, then money doesn't flow out. we haven't really seen this before and i'm not...
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Jan 2, 2013
01/13
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that debate and whether to raise the debt ceiling republicans have signald that they are going to use that to try to get spending cuts and entitlement reforms. >> and i expect it going to end up with a patch and what is from the point of view of our fiscal problems another failure as tonight. and the reason is if you have two elements in this the, the president and the republican house which will be on more equal strength and they will resist each other and go to the last minute and they will work out another useless extension and have to fight again. the reason i say that is that everybody spoke about what we would do tax reform after the election and entitlement reform after the election. we see a president now who is not interested in either and tax reform is the one thing that has debt reduction commission -- that his debt reduction commission had recommend the. when regan worked it out with tip o'neill in 1986 there was an enormous success. eliminate the deductions and lower the rate. this will be a titanic struggle that will not be solved at debt ceiling time. >> bret: check in
that debate and whether to raise the debt ceiling republicans have signald that they are going to use that to try to get spending cuts and entitlement reforms. >> and i expect it going to end up with a patch and what is from the point of view of our fiscal problems another failure as tonight. and the reason is if you have two elements in this the, the president and the republican house which will be on more equal strength and they will resist each other and go to the last minute and they...
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Oct 15, 2013
10/13
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stands ready, ready to work with our colleagues to raise the debt ceiling and get our economic house in order. i yield back. mr. jeffries: i thank the distinguished gentlewoman for her remarks. we are going to invite now the distinguished gentlelady from the great state of texas, congresswoman sheila jackson lee, who has joined us today to share her remarks and observations as to this debt ceiling crisis that we are confronting right now. i yield to congresswoman jackson lee. ms. jackson lee: let me thank the gentleman for his courtesies and look at this in a somewhat unique fashion to speak to the pending crisis and to join with my colleagues and particularly in following the chairwoman, congresswoman fudge, and thanking her for setting the tone of the interests of the congressional black caucus to be collaborative and to be problem solvers. let me thank the distinguished gentleman from new york in his timeliness in bringing us to the floor and the gentleman from from nevada in speaking to the american people and certainly to our colleagues. i do want to offer to my colleagues a leg
stands ready, ready to work with our colleagues to raise the debt ceiling and get our economic house in order. i yield back. mr. jeffries: i thank the distinguished gentlewoman for her remarks. we are going to invite now the distinguished gentlelady from the great state of texas, congresswoman sheila jackson lee, who has joined us today to share her remarks and observations as to this debt ceiling crisis that we are confronting right now. i yield to congresswoman jackson lee. ms. jackson lee:...
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Jan 3, 2013
01/13
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host: you have any reluctance in raising the debt ceiling? guest: there's always a reluctance about raising the debt ceiling, always reluctant when you are on the edge. clearly, every decision that has to be made here, whether it's immigration or the debt ceiling or the budget, those kinds of things if after the carefully crafted and considered, because there are so many facets. i learned as a legislator in texas that there's this thinks called unintended consequences, that usually makes a big difference that you have to factor in. host: back in texas, while the 100th of congress is finishing up their work, you were watching these votes very late in the night, new year's eve, a senator voting on new year's day at 2:00 a.m. what were you thinking about coming here after those type of folks? guest: it was a pretty phenomenal thing to watch. i was thinking, i hope we are not that bad. i hope to do better. as i have read the press headlines this morning, the last congress did not get very good reviews. i hope the congress i'm a part of work toget
host: you have any reluctance in raising the debt ceiling? guest: there's always a reluctance about raising the debt ceiling, always reluctant when you are on the edge. clearly, every decision that has to be made here, whether it's immigration or the debt ceiling or the budget, those kinds of things if after the carefully crafted and considered, because there are so many facets. i learned as a legislator in texas that there's this thinks called unintended consequences, that usually makes a big...
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Sep 19, 2013
09/13
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ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party. and trying to force issues that have nothing to do with the budget and have nothing to do with the debt. >> senate democrats say they will reject any house bill that strips money from the president's health care law. >>> moving now to an nbc exclusive. for the first time, millions of americans are hearing from the new president of iran. ann curry flew to rap to interview the leader. he says iran and people are now a different country, one willing to make a deal. >> can you say that iran will not build a nuclear weapon under any circumstances? >> translator: the answer to this question is quite obvious. we have time and again said that under no circumstances would be seek any weapons of mass destruction including nuclear weapons. nor will we ever. >> he also confirmed he has exchanged letters with president obama. he calls them tiny steps for an important future. that future starts next week. at the u.n. where a meeting with mr. obama is not off the table. the white house says i
ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party. and trying to force issues that have nothing to do with the budget and have nothing to do with the debt. >> senate democrats say they will reject any house bill that strips money from the president's health care law. >>> moving now to an nbc exclusive. for the first time, millions of americans are hearing from the new president of iran. ann curry flew to rap to interview...
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Oct 17, 2013
10/13
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raise this debt ceiling? that was the question being raised yesterday. no.e 18 people voted they basically took the principled position that we have to start now, not tomorrow, to do something about this debt. is from arlington virginia and on our republican line -- arlington, virginia, and on our republican line. my notes out. i used to be a journalist. my points are the things that have not been discussed. ofst of all one-third workers are freelance. geteconomy is not going to at. everybody is blaming the republicans, blame technology. everybody loves the free access. us the jobs. it is costing us the businesses that we know that used to be rick businesses -- brick businesses. ecological companies are the ones responsible for a lot of tax dollars -- technology companies are the ones responsible for a lot of tax dollars going out of the country. a lot of money is being thrown at startups in the tech industry. we are learning what we thought was a free ride was actually an expensive one. we have been paying w
raise this debt ceiling? that was the question being raised yesterday. no.e 18 people voted they basically took the principled position that we have to start now, not tomorrow, to do something about this debt. is from arlington virginia and on our republican line -- arlington, virginia, and on our republican line. my notes out. i used to be a journalist. my points are the things that have not been discussed. ofst of all one-third workers are freelance. geteconomy is not going to at. everybody...